Australia…One Hour In…ASX up 55 points
ASX200 up 55 points (0.8%) to 6862. Be aware the following stocks go ex-dividend tomorrow; CBA 150c CPU 23c IAG 7c JHG 47.22c MFG 97.1c MIN 100c
Read MoreMarkets
Morning Report: Gains on Wall St drag SPI futures higher
US sharemarkets ended higher on Friday led by Energy (+1.4%) & Financials (+0.9%) and Materials (+1%). Local investors will be watching Victorian developments closely to gauge whether the State will conclude or extend its recent snap lockdown.
Read MoreCCEP Looks to Bottle Up Amatil with Increased Bid
As expected the European bidder for Coca Cola Amatil has upped its offer price following pressure from analysts and shareholders and the deal is done, barring any unforeseen events.
Read MoreChester Asset Management – Hidden Gems Webinar Presentation – 12/2/21
Presenter – Rob Tucker – Portfolio Manager – A keynote presentation will be provided by Rob Tucker, Portfolio Manager with Chester Asset Management. The Company was established in 2017 by Rob Tucker and Anthony Kavanagh.
Read MoreBPH Energy (ASX:BPH) – Hidden Gems Webinar Presentation – 12/2/21
Presenter – David Breeze Managing Director & Executive Chairman – BPH Energy is a diversified company holding investments in biotechnology and resources. BPH is commercializing a portfolio of Australian biomedical technologies emerging from collaborative research by leading universities, medical institutes, and hospitals across Australia.
Genetic Signatures (ASX:GSS) – Hidden Gems Webinar Presentation – 12/2/21
Presenter – John Melki – Chief Executive Officer and Director – Genetic Signatures is a specialist molecular diagnostics (MDx) company focused on the development and commercialisation of its proprietary platform technology, 3base™.
Read MoreHidden Gems Webinar Recap – Chester Asset Management, GSS, SVL, BPH – 12/2/21
Catch up on the full webinar with presentations from Chester Asset Management, Genetic Signatures (ASX:GSS), Silver Mines Limited (ASX:SVL) & BPH Energy (ASX:BPH)
Read MoreSilver Mines Limited (ASX:SVL) – Hidden Gems Webinar Presentation – 12/2/21
Presenter – Anthony McClure – Managing Director – Silver Mines Limited is an Australian public resource company whose goal is to provide exceptional returns to shareholders through the acquisition, exploration, and development of quality silver projects maximizing leverage to an accretive silver price.
Read MoreGovernment Reaffirms Commitment to Air NZ
Air New Zealand says the country’s national government has reaffirmed that it will support the airline’s forthcoming capital raising to retain its majority stake.
Read MoreEconomics Wrap: the UK’s Annus Horribilis
Growth in the UK economy slumped by record 9.9% in 2020, the biggest annual crash in output in more than 300 years.
Read MoreDiary: It’s All About the Numbers
Another busy week in store with retail sales in the US and Australia, Australian employment, central bank meeting minutes, and a bunch more Australian companies reporting.
Read MoreMonday Market Minutes: Subdued Start Expected
Wall Street is closed tonight for the Presidents’ Day holiday, so markets outside the US will trade without a lead until Tuesday night.
Read MoreCommodities Corner: Oil Still Strong, Metals Mixed
Another good week for oil after prices hit the highest levels in more than a year on hopes the American economy will rebound and fuel more demand for oil products.
Read MoreEarnings Round-Up: Oz Picks Up Pace; US Quietens Down
No less than 64 ASX-200 companies are reporting this week, while in the US Walmart’s January quarter earnings is the main focus as things taper off.
Read More“Inflationistas” Crying Wolf on Price, Rate Rises
For several months now American financial markets – well the more panicky and younger types – have been wetting themselves about inflation. The Fed, as it turns out, not so much.
Read MoreNine Common Mistakes Investors Make
In this week’s Insights column, AMP’s Shane Oliver argues that many of the mistakes investors make are based on common sense rules of thumb that turn out to be wrong.
Read MoreShell Sets Sights on 2050 Carbon Neutrality
Oil major Royal Dutch Shell wants to be carbon neutral by 2050 Royal Dutch and will expand its consumer facing businesses in order to achieve its goal.
Read MoreEvening Report: Aussie shares slip for 2nd day
The Australian sharemarket fell by 0.6% on Friday, dragged lower by news of Victoria’s five-day snap lockdown. Qantas (QAN) had its worst decline in months while BHP and RIO fell ahead of their results next week.
Read MoreLunch Report: Shares slip for a second day
The Australian sharemarket is losing ground for a second day, with losses from travel stocks, miners and Afterpay weighing on the ASX 200.
Read MoreNext Week At A Glance – 15-19 Feb 2021
Earnings results, and lots of them. These will dominate proceedings in the local market next week, and the week after, assuming no substantial macro developments.
Read MoreThe Overnight Report: Up In Smoke
| World Overnight | |||
| SPI Overnight (Mar) | 6777.00 | – 2.00 | – 0.03% |
| S&P ASX 200 | 6850.10 | – 6.80 | – 0.10% |
| S&P500 | 3916.38 | + 6.50 | 0.17% |
| Nasdaq Comp | 14025.77 | + 53.24 | 0.38% |
| DJIA | 31430.70 | – 7.10 | – 0.02% |
| S&P500 VIX | 21.25 | – 0.74 | – 3.37% |
| US 10-year yield | 1.16 | + 0.03 | 2.21% |
| USD Index | 90.39 | – 0.04 | – 0.04% |
| FTSE100 | 6528.72 | + 4.36 | 0.07% |
| DAX30 | 14040.91 | + 107.94 | 0.77% |
By Greg Peel
Read MoreAustralia…One Hour In…ASX down 12 points
ASX200 down 12 points (0.2%) to 6837. Mirvac (-0.8%); 1H profit was -22% yoy but the co provided guidance for the first time and it seems to be in line with market consensus.
Read MoreMorning Report: US sharemarkets were mixed on Thursday
At the close of trade, the Dow Jones index was down by 7 points or less than 0.1% after hitting intraday record highs. But the S&P 500 index rose by 0.2% and the Nasdaq index was up by 53 points or 0.4% to a record closing high.
Read MoreNoxopharm Study Finds its Drug Improves Prostate Cancer Survival Rates
Noxopharm (ASX:NOX) announced this week independent drug trial results that significantly extended the life of men with prostrate cancer. The company’s CEO Dr Graham Kelly tells us more.
Read MoreInvestors Embrace Newcrest Dividend Shift
The Newcrest share price went for a nice run yesterday on news that the company intends to increase its dividend payouts for the foreseeable future.
Read MoreAMP Price Whacked on Ares Disappearing Act
AMP shares plunged yesterday by more than 10% after the company told the ASX that US firm Ares had withdrawn its takeover proposal.
Read MoreMarket Shrugs off Telstra Woes
Telstra shares closed slightly higher yesterday as it maintained its dividend in the face of more pressures on its businesses in the six months to the end of December.
Read MorePurely Active Strategies Are Not the Only Way to Add Value
Stephen Cooper from First Sentier Investors explains how different fixed income strategies can provide cost effective diversification against risk assets in the current market environment.
Read MoreAGL a Cautionary Tale for the Energy Sector
Energy giant AGL’s expected $2.3 billion loss for the six months to December is a warning to the rest of the energy sector about the fading financial attractiveness of these assets.
Read MoreRobotics and A.I.: Defeating COVID-19
Alex Cook from BetaShares examines the role robotics and A.I. have played not only in developing a vaccine but also in its distribution.
Read MoreEvening Report: Underwhelming performance for the Aussie market
The Australian sharemarket eased by 0.1% on Thursday in choppy trade for local stocks. Newcrest Mining (NCM) and Telstra (TLS) both rose following the release of their profit results while AMP slumped by 11%.
Read MoreGrainCorp Finally Sorts the Wheat from the Chaff
The breaking of the drought and the good rains in late 2020 and early this have helped GrainCorp do a bit of ‘breaking’ itself by allowing it to well and truly escape the rut it found itself in.
Read MoreCOVID, Lockdowns Take Toll on Transurban
Transurban can blame Melbourne and COVID for what has turned out to be a weak set of numbers for the first six months of 2020-21.
Read MoreASX Trims Dividend As Earnings Stay Stubbornly Flat
The ASX has trimmed its half year payout to shareholders by 3% to 112.4 cents a share after missing the benefits of the big market recovery in the six months to December.
Read MoreBlue Sky Ahead For Alliance Aviation
Alliance Aviation is thriving and contracted revenue is expected to grow over the next couple of years as an expanded fleet is deployed. Eva Brocklehurst tells us more.
Read MoreGreenwashing and Tips to Identify Suitable ESG Products
There has been a marked increase in the demand for Environmental, Social and Governance (ESG) /Sustainable style products and this trend looks set to continue, says Russell Investments’ James Harwood.
Read MoreLunch Report: ASX 200 flatlines at lunch as investors focus on earnings
The Aussie market has been unable to add to Wednesday’s improvements with a small decline around lunch. Materials and communications are leading the improvements while the majority of sectors decline. Leading the losses are tech and industrials.
Read MoreAustralia…One Hour In…ASX up 13 points
ASX200 up 13 points (0.2%) to 6870. Newcrest (+5.5%); 1H profit more than doubled as the co announced a beefed-up dividend policy, projected annual gold output at the high end of its forecasts.
Read MoreThe Overnight Report: Losing Direction
| World Overnight | |||
| SPI Overnight (Mar) | 6766.00 | – 33.00 | – 0.49% |
| S&P ASX 200 | 6856.90 | + 35.70 | 0.52% |
| S&P500 | 3909.88 | – 1.35 | – 0.03% |
| Nasdaq Comp | 13972.53 | – 35.16 | – 0.25% |
| DJIA | 31437.80 | + 61.97 | 0.20% |
| S&P500 VIX | 21.99 | + 0.36 | 1.66% |
| US 10-year yield | 1.13 | – 0.02 | – 2.07% |
| USD Index | 90.43 | – 0.01 | – 0.01% |
| FTSE100 | 6524.36 | – 7.20 | – 0.11% |
| DAX30 | 13932.97 | – 78.83 | – 0.56% |
By Greg Peel
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